InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 99.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 589 shares of the Wireless communications provider’s stock after selling 630,870 shares during the period. Pacer Advisors Inc.’s holdings in InterDigital were worth $114,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IDCC. Transcendent Capital Group LLC purchased a new stake in shares of InterDigital during the 3rd quarter valued at approximately $25,000. V Square Quantitative Management LLC acquired a new stake in InterDigital during the third quarter worth $26,000. Mendota Financial Group LLC raised its position in InterDigital by 14,500.0% in the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after purchasing an additional 290 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of InterDigital by 58.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock valued at $89,000 after purchasing an additional 233 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of InterDigital by 81.3% during the 3rd quarter. GAMMA Investing LLC now owns 667 shares of the Wireless communications provider’s stock worth $94,000 after purchasing an additional 299 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Insider Buying and Selling at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $204.13, for a total transaction of $142,891.00. Following the sale, the chief technology officer now owns 52,997 shares of the company’s stock, valued at approximately $10,818,277.61. This represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lawrence Liren Chen sold 5,891 shares of InterDigital stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $195.34, for a total value of $1,150,747.94. Following the completion of the transaction, the chief executive officer now owns 164,543 shares of the company’s stock, valued at approximately $32,141,829.62. This trade represents a 3.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,622 shares of company stock valued at $2,433,251 in the last three months. 2.30% of the stock is owned by corporate insiders.

InterDigital Stock Up 1.4 %

NASDAQ:IDCC opened at $184.55 on Wednesday. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $207.08. The stock’s fifty day moving average is $188.54 and its two-hundred day moving average is $161.81. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 2.08 and a beta of 1.44. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03.

InterDigital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, January 8th. InterDigital’s dividend payout ratio (DPR) is 19.23%.

InterDigital Profile

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.